Wealth Management’s Rising Star in Asia Has Tricky Task at UBS

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UBS SuMi to Acquire Credit Suisse’s Wealth Business in JapanUBS Group AG’s joint venture firm in Japan will acquire Credit Suisse’s wealth management business in the country, according to people familiar with the matter, following the lender’s takeover of its smaller Swiss rival last year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

UBS to Shut Thousands of Smaller Credit Suisse Accounts in AsiaUBS Group AG is planning to shut smaller-value Credit Suisse accounts numbering in the low thousands at its Asia Pacific wealth management arm to exit relationships with poor returns, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Finma Plans Stress Tests at UBS After Scrutiny on Lender RisesSwitzerland’s financial regulator Finma said it would carry out two stress tests at UBS Group AG this year, as the authority boosts oversight of the lender in the wake of its acquisition of Credit Suisse.
Source: BNNBloomberg - 🏆 83. / 50 Read more »